Can you still use old 2 pound coins?

The familiar bi-metallic UK £2 coin was introduced in 1998 (the first was actually dated 1997). Seven single metal gold coloured thicker coins were issued before this date. The older coins remain legal tender but are rarely seen in circulation.

What do you do with old 2 pound coins?

These coins are just part of a long tradition of the Bank of England issuing commemorative coins, but as the question asks: can you spend them? The answer is a somewhat confusing one: they have a face value of £2, and they are legal tender but that does not mean a retailer – or even a bank – will take them as payment.

What is the rarest 2 coin you can get?

Rare £2 coins that were minted with an error could now be worth £500. The 2014 First World War Centenary coins were produced with the denomination of “two pounds” missing from the design. Experts Coin Hunter say that only two like this have been identified which is why they could reach high prices at auction.

What can I do with old 2 pound coins?

You can spend old £2 coins. However, any shop or bank where you want to spend your old £2 coins has the right to refuse the coins and most likely will.

Are old 2 pound coins worth anything?

These £2 pieces were released for special occasions and some are rare. For example, a 1989 ‘Claim of Right’ £2 coin had a mintage of 381,400 which makes it the rarest UK £2. However, it was ‘demonetized’ in 1997 when the bi-metal £2 coin was introduced. Examples of this coin can fetch prices of around £30.

Are old 2 coins worth anything?

What do I do with old 2 pound coins?

There are some popular banks such as Halifax and Lloyds that are known for accepting older coins even though they are not obliged to do so. The Royal Mint has even released a statement stating that you will have to try your luck with a high street bank to see if they will accept your old coins.

Is my 2 pound coin worth anything?

Which is the rarest two pound coin in circulation?

The Northern Ireland £2 is the rarest two pound coin in circulation. £2 Coins Not Entering Circulation There have not been any £2 coins entered into UK coin circulation since the Shakespeare coins were released in 2016. Coins have been issued as Collector Only coins, which are know as NIFC coins, Not Intended For Circulation.

How can you tell how rare a £2 coin is?

A key tool for working out how rare your coin might be is our £2 mintage chart. Generally speaking, the lower the mintage, the rarer the coin and the harder it will be to find in circulation.

How much is a two pound coin worth?

A quick search online will have you believing that the £2 coin you have just found in your change is worth hundreds or even thousands of pounds. Circulation £2 coins are shown in highest value first order, scroll down to find your coin to see the current real collector value.

Is it possible to spend an old £2 coin?

When asking if you can spend the ‘old’ £2 coin this is referring to previous single colour coins (the present general circulation £2 coin is a bi-colour issue with gold and silver-coloured sections) that were issued as commemorative coins.